One of Today’s Swing Trade Ideas

FENG/Long  (Internet content)  FENG is in an overall Rounded Bottom Breakout pattern, currently presenting a bullish flag breakout or J-Hook pattern with a slight bullish cradle-look to it as well.  Not to mention the double bottom.  With the right energy and follow-through, FENG has about a 12% target.

FENG Trading Plan   (Entry, Stop, Target)  Click Here

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Good Morning,

SPY:   There is still no real direction in the SPY or the overall market.  Yesterday’s Doji close, which also presented a double bottom, closed between the 20 SMA and the 50 SMA, something we call the trap. The $64,000 question is which direction the trap will price finally breakout?  Yesterday’s Doji does suggest indecision after the recent weeklong consolidation.  Was yesterday’s Doji just a rest day before breaking down, or was it a true Continue Reading